Duff & Phelps Investment Management Co. cut its position in shares of STORE Capital Corporation (NYSE:STOR) by 13.1% during the second quarter, Holdings Channel reports. The fund owned 1,797,978 shares of the real estate investment trust’s stock after selling 272,050 shares during the period. Duff & Phelps Investment Management Co.’s holdings in STORE Capital Corporation were worth $40,365,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement Association of Colorado increased its position in shares of STORE Capital Corporation by 12.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 580 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of STORE Capital Corporation by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 619 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in shares of STORE Capital Corporation by 7,774.5% in the first quarter. Thompson Davis & CO. Inc. now owns 7,402 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 7,308 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of STORE Capital Corporation during the first quarter worth approximately $201,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of STORE Capital Corporation by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,079 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 497 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Shares of STORE Capital Corporation (NYSE STOR) opened at 23.70 on Friday. The company has a market cap of $4.49 billion, a PE ratio of 23.89 and a beta of 0.25. STORE Capital Corporation has a 12-month low of $19.65 and a 12-month high of $30.65. The stock’s 50 day moving average price is $23.09 and its 200-day moving average price is $22.98.

STORE Capital Corporation (NYSE:STOR) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.07. The firm had revenue of $114.21 million for the quarter, compared to the consensus estimate of $112.27 million. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. STORE Capital Corporation’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. On average, equities research analysts forecast that STORE Capital Corporation will post $0.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.16 annualized dividend and a yield of 4.89%. STORE Capital Corporation’s dividend payout ratio is 118.37%.

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A number of brokerages have commented on STOR. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of STORE Capital Corporation in a research note on Thursday, August 3rd. TheStreet upgraded STORE Capital Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. BidaskClub upgraded STORE Capital Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus restated a “buy” rating and issued a $25.50 target price on shares of STORE Capital Corporation in a research note on Friday, July 14th. Finally, FBR & Co began coverage on STORE Capital Corporation in a research note on Monday, July 17th. They issued a “market perform” rating and a $24.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $27.54.

About STORE Capital Corporation

STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.

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Institutional Ownership by Quarter for STORE Capital Corporation (NYSE:STOR)

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